Regulation 22 Refusal to assume responsibility – new schemes created to replace existing schemesI1

Northern Ireland

(1)

The prescribed period referred to in Article 131(1)(a) (new schemes created to replace existing schemes) during which the Board must be satisfied that a new occupational pension scheme was established shall be the period of 3 years preceding the date on which an assessment period began in relation to the scheme.

(2)

Paragraph (1) shall have effect in relation to –

(a)

a section of a segregated scheme;

(b)

a multi-employer section of a segregated scheme, or

(c)

a segregated part of –

(i)

a multi-employer section of a segregated scheme, or

(ii)

a non-segregated scheme,

as if that section, or segregated part, were a separate occupational pension scheme^f1.

Annotations

Commencement

I1: Reg. 22 in operation at 6.4.2005, see reg. 1(1)(b)

Footnotes

f1: Article 131(1) of the Pensions (Northern Ireland) Order 2005 is modified by S.R. 2005 No. 91 in its application to sections and multi-employer sections of segregated schemes and segregated parts of multi-employer sections of segregated schemes and non-segregated schemes